The so-called “ dot plot” released Wednesday showed eight Fed policy makers expected four or more quarter-point rate increases for the full year, compared with seven officials during the previous forecast round in March.

The rupee on Wednesday slid further by 16 paise to close at near one-week low of 67.65 against the US currency on sustained dollar demand ahead of the key US Federal Reserve's decision on the rate hike.

06:41 PM

Cabinet approves HDFC Bank's fund-raising plan

The government on Wednesday gave approval to HDFC Bank to raise Rs 24,000 crore in foreign direct investment (FDI) to fund its business growth. With the raising of this capital, FDI in the bank would hit the regulatory ceiling of 74 per cent, Finance Minister Piyush Goyal said after the Cabinet meeting chaired by Prime Minister Narendra Modi here.

06:36 PM

ICICI Bank to sell 2% stake in life insurance arm

ICICI Bank today said it will offload 2 per cent stake in its insurance arm ICICI Prudential Life in one or more tranches. Based on insurer's stock closing price of Rs 410.25 on BSE today, the stake sale is estimated to fetch the bank Rs 1,178 crore.

Watch: Sensex ends 47 pts up, Nifty50 settles above 10,850

04:55 PM

RBI may hike rates again in August on rise in inflation: Analysts

The commentary comes a day after industry body Confederation of Indian Industry (CII) said that monetary policy tightening will increase the cost of doing business and force India Inc to slowdown on investments, which are critical for pushing the growth agenda.

04:45 PM

With lack of any fresh positive triggers on the domestic bourses, we remain cautious on the market. We expect volatility to remain high in the near-term and advice investors to stay invested in quality stocks, while traders should hedge their leveraged position. Movement of crude oil prices and currency (INR/USD) and developments in global markets, would also be closely monitored.

- Jayant Manglik, President, Religare Broking

04:26 PM

"Market extended its rally as domestic industrial activity witnessed a turnaround at 4.9 per cent in April. However, caution ahead of Fed policy influenced a late selling in the market which finally ended up with a marginal gain. The rise in CPI inflation to 4.87 per cent in May is largely factored in the market and is in line with RBI’s estimate for H1FY19 while 10-year yield was seen inching lower."

Just In | Fitch cuts visibility rating of BoB by one-notch

Shares of Reliance Industries at Rs 1,004.80 intraday were just a kissing distance away from hitting their all-time high of Rs 1,010.70 (April 27)

Price as on 13 Jun, 2018 02:28 PM, Click on company names for their live prices.

01:29 PM

Just In | LIC hikes stake in BPCL

01:23 PM

Rupee to rebound but path rife with pitfalls: Reuters Poll

The Indian rupee will erase some of this year's losses against the dollar over the coming 12 months but high volatility in the run up to general elections in 2019 could send it off-piste, a Reuters poll found. A selloff in emerging markets and a widening fiscal deficit, exacerbated by rising oil prices - India'sbiggest import bill - has hurt the rupee this year.

Dish TV rallied over 3 per cent on Wednesday as a chunk of its shares changed hands in multiple block deals. According to an ETNow report, marquee investors such as Rakesh Jhunjhunwala, East Bridge and Ohm Group are likely to be buyers in one such deal today, which is priced at Rs 71.25 per share.

01:14 PM

Check out the top 10 BSE losers

Price as on 13 Jun, 2018 01:14 PM, Click on company names for their live prices.

The BSE Capital Goods index was trading 0.31 per cent down at 18,699 around 12:50 pm with Sadbhav Engineering (down 2.46 per cent) and CG Power and Industrial Solutions (down 2.16 per cent) as the top losers.

Midcaps in sync with benchmark Sensex; Vakrangee, Page Inds lead

In line with benchmark Sensex, the midcap index too was trading with small gains during Wednesday's trade. The BSE Midcap index was trading 0.18 per cent up at 16,180 around 12:20 pm, while the BSE Sensex was 0.26 per cent up at 35,785. The Nifty50 was 0.22 per cent up at 10,867 around that time.

Crypto-currency followers, here’s a piece of good news for you. A panel formed by the government to look into crypto-currency does not seem to be in favour of banning it. Instead, it may suggest allowing crypto-currency with riders, ETNow reported quoting Cogencis.

It turned out to be a listless trade for gold and silver on Wednesday as investors trained their sights on US Fed policy decision later in the day. MCX Gold futures slipped 0.04 per cent to Rs 31,144 per 10 grams at around 10.30 am. Silver futures were down 0.26 per cent at Rs 40,584.

11:35 AM

Check out the top 10 NSE gainers

Price as on 13 Jun, 2018 11:35 AM, Click on company names for their live prices.

11:04 AM

Just In | NLC India to commence power trading business

10:52 AM

Idea dips after touching 50-DMA level

Most PSU bank stocks including Bank of India (up 1.87 per cent), Indian Bank (up 1.66 per cent) and Allahabad Bank (up 1.64 per cent) were trading with gains during Wednesday's trade, giving a boost to the sectoral index on NSE. The Nifty PSU Bank index was trading 1.39 per cent up at 3,143 around 10:30 am with all components in the green.

10:26 AM

Ruchi Soya moves up 3% as bidding hots up

Ruchi Soya Industries pulled higher by 3 per cent on Wednesday as Adani Wilmar has emerged as the highest bidder for the bankrupt firm. Adani Wilmar, a joint venture between the infrastructure conglomerate founded by Gautam Adani and Singapore’s Wilmar, has trumped Ramdev-backed Patanjali Ayurved, ET reported. At 9.40 am, the stock was ruling 2.97 per cent higher at Rs 12.55 on the BSE.

10:07 AM

Sun Pharma up 3% on USFDA clean chit to Halol plant

An all-clear from the USFDA to Sun Pharmaceuticals' Halol plant in Gujarat drove the stock up 3 per cent on Wednesday. The clearance brought to an end a two-year import ban the US drug regulator had imposed on the plant over quality control issues. The stock rose 3.26 per cent to hit a high of Rs 556.40 on the BSE today.

09:50 AM

Rupee stumbles, down 11 paise at 67.60 vs dollar

The rupee lacked spark on Wednesday as it opened 11 paise down at 67.60 against the dollar. The American currency found more favour with banks and importers. The local currency had settled 7 paise lower at 67.49 in the previous session.

India's largest software services firm Tata Consultancy Services (TCS) will consider a proposal to buy back shares at its board meeting to be held later this week. The Mumbai-based company, however, did not disclose any further details about the buyback proposal.

09:35 AM

Check out the most active stocks on BSE

Price as on 13 Jun, 2018 09:35 AM, Click on company names for their live prices.

Pre-open session: Sensex climbs 195 points, Nifty above 10,900

Singapore trading sets stage for negative start

Nifty futures on the Singapore Stock Exchange were trading 20.50 points, or 0.19 per cent, lower at 10,826, indicating a negative start for the Nifty50.

08:26 AM

Tech view: Nifty50 faces litmus at 10,930

The Nifty50 made a small bullish candle on the daily chart on Tuesday, but did not confirm any short-term trend reversal after forming a ‘Gravestone Doji’ pattern on the previous day. A sustainable move above the 10,860-70 range may push the index further higher towards its critical resistance at 10,930. A fall below the 10,820-800 range will be seen as a sign of weakness.

08:26 AM

F&O: Index may attempt to hit 11K

An increase in the near month Nifty put-call ratio (PCR) and low level of volatility, measured by India Vix, is fuelling analyst hopes of the index having a shy at the 11,000 mark, after a probable consolidation. What’s giving analysts hope of extension of the current rally under way since May 23 is the fresh put sales at higher levels, indicating that supports are moving higher.

08:26 AM

Retail inflation at 4-month high

Retail inflation rose to a four-month high in May, led by rising prices of food items. Inflation based on consumer price index (CPI) stood at 4.87 per cent in May against 4.58 per cent in April. Food inflation rose to 3.1 per cent in May from 2.8 per cent in April, according to data released by Central Statistics Office on Tuesday.

08:26 AM

Factory output grows 4.9 per cent in April

Industrial production in India picked up pace in April, starting the new financial year on a stronger note, with all three major sectors – manufacturing, mining and electricity – contributing to the recovery. Growth as measured by the Index of Industrial Production (IIP) was 4.9 per cent in April compared with 4.5 per cent in March, data released by the statistics office on Tuesday showed.

08:26 AM

Fed policy outcome today

The Fed concludes its two-day policy meeting later on Wednesday, at which it is widely expected to hike rates for the second time this year. Market focus is on whether the Fed signals tightening policy four times in 2018, from the three times indicated earlier this year, after the world’s largest economy has expanded steadily, Reuters reported.

Inflation in US rises moderately

US monthly consumer inflation rose moderately in May as gasoline price increases slowed, suggesting the Federal Reserve could continue to gradually raise interest rates this year, Reuters reported. The Consumer Price Index increased 0.2 per cent last month, also as food prices were unchanged. That followed a similar gain in the CPI in April.

08:25 AM

US stocks end flat

The Dow Jones Industrial Average fell 1.58 points, or 0.01 per cent, to 25,320.73, the S&P500 index gained 4.85 points, or 0.17 per cent, to 2,786.85 and the Nasdaq Composite added 43.87 points, or 0.57 per cent, to 7,703.79.